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Scott D. Comstock

scott@homesandwealth.com +1(559) 681-9500

Listed by Eddie Guajardo • eXp Realty of California Inc, DRE#02056453

$ 3,100,000

Est. payment | -/mo

8,286 SqFt

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$ 3,100,000

Est. payment | -/mo

Save Virtual Tour

8,286 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 8,286 sqft

Price per Sqft $374

MLS Listing ID ML82020072

Year Built 1964

Lot Size 0.359 Acres

Property Sub-Type Commercial Property

Property Description

Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit. The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.

Location

State CA

County Monterey

Area Es-66

Zoning CR-FG5

Rooms

Other Rooms Laundry Room

Interior

Heating Other

Cooling Window / Wall Unit

Flooring Carpet, Tile

Exterior

Parking Features Electric Car Hookup, Parking Area

Utilities Available Public Utilities

Roof Type Composition

Present Use Hotel/Motel

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Restrictions None

Tax ID 004-061-036-000

Miscellaneous Vaulted Ceiling

Security Features Fire Alarm

Special Listing Condition Not Applicable

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+1(559) 681-9500

scott@homesandwealth.com

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6 S Wood ST Salinas, CA 93905